Wednesday, November 3, 2010

Q&A: How long after declaring chapter 7 can you expect to be approved for a car loan?

Question by Jon: How long after declaring chapter 7 can you expect to be approved for a car loan?
Filing chapter 7 - going to need a car for a new job. Anyone have any experience? I've heard that some lenders see you as a good risk since:
1) You don't have any other debts to pay
2) You can't discharge your debt to them for 10 years by which time they would milk it out of you...

Anyone know?
Thanks!


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